Watches of Switzerland falls after annual profit margin outlook cut

Watches of Switzerland

04/02/2026 08:36

** Shares of luxury retailer Watches of Switzerland Group WOSG.L slide 4% to 493.8p

** Stock among top losers on FTSE midcaps index .FTMC

** Co now expects FY26 operating profit margin to decline by 70–90 basis points YOY vs prior guidance of flat to down 100 bps

** Co expects EBIT margins to improve in H2 on brand margin resets, product mix and one‑off costs

** We presume changes to margin forecast is driven by one-offs and imply no major changes to underlying estimates - Jefferies analysts

** YTD, stock had risen 8.5%

 (Reporting by Tuhina in Bengaluru)

 ((Tuhina@thomsonreuters.com))